Administered Schedule of Comprehensive Income
Notes | 2020 | 2019 | Original Budget1 | |
$'000 | $'000 | $'000 | ||
NET COST OF SERVICES | ||||
Income | ||||
Revenue | ||||
Non-taxation revenue | ||||
Fees | 2.2A | 1,182 | 1,969 | 7,427 |
Total non-taxation revenue | 1,182 | 1,969 | 7,427 | |
Total revenue | 1,182 | 1,969 | 7,427 | |
Total income | 1,182 | 1,969 | 7,427 | |
The above schedule should be read in conjunction with the accompanying notes. |
1 Original Budget reflects the figures in the 2019-20 Portfolio Budget Statements (PBS).
Budget Variance Commentary | |
Administered Schedule of Comprehensive Income | |
Affected line items | Explanation of major variances |
Non-taxation revenue Fees | Administered fee revenue is lower than budget due to the government relief measures in response to the COVID-19 pandemic. The budget measures include the refund and waivers of fees from 1 January 2020, and the deferral of TEQSA's cost recovery arrangements until 1 July 2021. |
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